3 Rules for Running a Successful Business

Posted on Thursday, March 28th, 2013 at 8:32 pm by shauli

When it comes to running a business, no matter if it is software engineering or not, there is a drastic difference between staying afloat and being the best at what you do.  The following is a list of rules to follow that will help take your business to the next step, ensuring long-term success.

1. Don’t boil the ocean.  When trying to solve a problem, often people try to take on too much and they can easily lose sight of their vision.  Also, trying to tackle everything at once can lead to failure and overwhelm the issues, when examined separately, may not be so difficult to fix.  Take a step back when looking at problems and try tackling them one step at a time. Consult with other people and ask for their opinion

2. Divide and conquer.  This rule goes hand in hand with the first rule.  Too often, managers take on all of the responsibility to make things better and to fix problems that occur.  However, this is what you have hired people for.  Split up the work, delegate it to competent employees and get the job done.  You can use this technique, no matter what the problem is and no matter how large it may seem.  Keep dividing the problem until you find a piece that is approachable and that you are able to work with.  From there, it is similar to putting a puzzle together: little by little.

3. A’s hire A’s.  B’s hire C’s.  This concept refers to the philosophy in Steve Jobs’ hiring practices.  One of the most important pieces to building up a successful company is hiring the right people.  Hire A’s.  If you do not hire the best, the employee you do hire will bring down the quality of the company because they will, in turn, hire a C.  Hire people that are passionate about their job and would do it for free in their spare time because it is a part of them.  Hire people who want this as a lifestyle, not just a way to get the bills paid.

Define your aims and targets, and try to focus on them. However, one should always be inline with the market trends and needs, and flexible so the business will always be relevant.

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